New Delhi: Firstcry IPO worth Rs 4,193.73 crore opened on August 6, 2024, and closes on August 8, 2024. With an IPO price band of Rs 440-465 apiece. Brainbees Solutions IPO was subscribed 30X at the end of Day 2. Retsil investors subscribed 1.06X, while QIBs subscribed 0.03 per cent and NIIs subscribed 0.03 per cent, according to exchange data.
Employees’ portion of the IPO was subscribed 3.44X at the end of day 2. Brainbees Solutions’ IPO is expected to list on the exchanges on August 12, 2024, after the allotment of shares is finalised on August 9, 2024.
Firstcry IPO GMP
Firstcry IPO GMP declined to Rs 20 per share, indicating a listing price of Rs 485 apiece or a 4.3 premium compared to a 6.02 per cent premium on day 2 of the IPO. GMP is the premium that an investor is willing to pay to acquire a single share of a company.
Firstcry IPO key details
FirstCry plans to utilise the IPO proceeds towards setting up its BabyHug line of stores. The neonatal sector-focused retailer also plans to expand its physical operations by investing in a warehouse while strengthening its omnichannel push. FirstCry counts Manipal Group’s Ranjan Pai and Tata Group chairman Emeritus Ratan Tata among its investors.
FirstCry’s net loss narrowed by 33.85 per cent to Rs 321.51 crore in the period ending March 31, 2024, from Rs 486.06 crore in the year-ago period.
The company’s Revenues were up 14.72 per cent ot Rs 6,575.08 crore during the same period. FirstCry IPO comprises a total of 90,187,690 shares on offer of which 35,827,957 are frshly issued while 54,359,733 shares are part of an offer for sale. Firstcry IPO’s minimum lot size is 32 shares worth Rs 14,880 for the retail segment.
Book running lead managers on the IPO include:
Kotak Mahindra Capital
Morgan Stanley India
BofA Securities India
JM Financial
Avendus Capital
Link Intime India is the IPO registrar on FirstCry’s public issue.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Firstcry IPO Day 3: Check Firstcry IPO GMP and subscription status on the last day of the newborn focused retailer’s public issue. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
